Citi Global Energy and Utilities Conference John Brannan, Executive Vice-President & Chief Operating Officer Boston May 14, 2014 cenovus.com
A different kind of oil sands Focus on total shareholder return & building net asset value Top-tier oil sands portfolio generates predictable, reliable growth Strong project execution & innovation drives performance Strategic integration…
Strong integrated oil portfolio TSX, NYSE CVE Enterprise value C29 billion Shares outstanding 757 MM 2014F production Oil & NGLs 199 Mbbls/d Natural gas 470 MMcf/d 2013 proved & probable reserves 3.2 BBOE Bitumen Economic…
Established base of high quality resource Minimal exploration risk Low F&D costs Large scale 1.8 Bbbls Undiscovered BIIP Proved 0.7 Bbbls Predictable production 50 Bbbls High recovery factors Contingent Opportunity to advance…
Executing on our business plan Mbbls/d 600 Oil sands Pelican Lake 500 Conventional oil & NGLs 400 300 200 100 0 2010 2011 2012 2013 2014F 2015F 2016F 2017F 2018F 2019F 2020F 2021F 2022F 2023F Volumes are shown…
Committing to dividend growth /share Dividend growth requires: 1.20 Strong financial health 1.00 Sustainable pace of 0.968 development 0.80 0.88 Q3-Q4 0.80 2014F Reliable, predictable cash flow 0.60 to support payments…
Susan Grey Director, Investor Relations 403-766-4751 Graham Ingram Senior Analyst, Investor Relations 403-766-2849 Anna Kozicky Senior Analyst, Investor Relations 403-766-4277 Bill Stait Senior Analyst, Investor Relations…
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